WBTL(SH:603596)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥2,010,874,316.10, representing a year-on-year increase of 28.05%[4] - Net profit attributable to shareholders for the same period was ¥239,310,788.05, up 21.10% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥216,050,433.43, reflecting a 16.98% increase year-on-year[4] - Basic earnings per share for Q3 2023 were ¥0.58, up 20.83% year-on-year[4] - The company reported a net cash flow from operating activities of ¥542,062,290.48, which is a significant increase of 126.73% compared to the same period last year[4] - Operating profit for Q3 2023 was ¥681,553,747.76, compared to ¥513,541,214.90 in Q3 2022, indicating a year-over-year increase of about 32.8%[22] - Net profit for Q3 2023 was ¥607,970,622.64, up from ¥479,047,965.57 in Q3 2022, reflecting a growth of approximately 27%[22] - Total operating revenue for the first three quarters of 2023 reached ¥5,105,317,026.58, a significant increase from ¥3,684,132,503.82 in the same period of 2022, representing a growth of approximately 38.4%[21] Research and Development - Research and development expenses totaled ¥113,821,578.43, marking a 37.46% increase from the same period last year[6] - Research and development investment increased by 37.46% during the reporting period[10] - Research and development expenses for the first three quarters of 2023 totaled ¥306,477,521.88, compared to ¥245,534,987.31 in the same period of 2022, marking an increase of about 24.8%[21] - The company has a total of 385 projects under research as of 2023, with 182 new designated projects and 198 new mass production projects[14] - In the disc brake segment, there are 147 projects under research, with 51 related to new energy vehicles, and 71 new mass production projects, including 37 for new energy vehicles[14] - The electronic parking brake system (EPB) has 54 projects under research, with 32 for new energy vehicles, and 25 new mass production projects, including 8 for new energy vehicles[15] - The company has 11 projects under research for the electric power steering system (EPS), with 7 related to new energy vehicles, and 9 new mass production projects, including 5 for new energy vehicles[15] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥9,790,377,364.00, an increase of 13.23% from the end of the previous year[6] - The company's total current assets as of September 30, 2023, amount to approximately ¥7.08 billion, an increase from ¥6.48 billion at the end of 2022[18] - Accounts receivable increased to approximately ¥2.47 billion from ¥1.94 billion year-over-year[17] - The company reported a total asset value of approximately ¥9.79 billion as of September 30, 2023, compared to ¥8.65 billion at the end of 2022[20] - The total liabilities increased to approximately ¥4.71 billion from ¥4.08 billion year-over-year[19] - The company's retained earnings increased to approximately ¥2.98 billion from ¥2.52 billion year-over-year[20] Cash Flow and Investments - Cash received from sales of goods and services rose by 55.64%, attributed to increased collections[10] - Cash paid for purchasing goods and services increased by 50.87%, mainly due to higher payment amounts[10] - The company experienced a 126.73% increase in net cash flow from operating activities, driven by revenue growth and changes in the scope of consolidation[10] - The company recorded a net cash inflow from investment activities of ¥559,404,100.71 in Q3 2023, down from ¥712,881,251.26 in Q3 2022, indicating a decrease of about 21.5%[24] - The net cash flow from investing activities was -¥375,264,905.57, a decline from a positive cash flow of ¥62,960,630.66 in the same period last year[25] - The total cash inflow from financing activities was ¥238,592,525.24, up from ¥134,189,238.17 in the previous year[25] - The net cash flow from financing activities improved to ¥77,193,088.54, compared to a negative cash flow of -¥300,969,745.34 in the same period last year[25] - The cash and cash equivalents at the end of the period increased to ¥2,411,773,125.61, up from ¥2,023,302,542.39 at the end of the previous period[25] - The total cash outflow from investing activities was ¥934,669,006.28, compared to ¥649,920,620.60 in the previous year, indicating increased investment activity[25] - The cash paid for dividends, profits, or interest payments was ¥145,610,908.47, compared to ¥94,576,829.74 in the previous year, showing an increase in shareholder returns[25] Strategic Outlook - The company plans to expand its market presence and enhance product development strategies in the upcoming quarters[11] - The company's management team remains focused on strategic investments and improving cash flow management to enhance financial stability[25]